Do you have to have your first credit card and do you have difficulty choosing the right one? Or are you in doubt whether a credit card is the right choice for you at all?
Then you can read here and learn more about the benefits of having a credit card and what options you have.
Credit card for students
Being young is not always easy to get approved for a credit card. Banks often require you to settle for a certain amount of wealth, as well as a fixed income to be approved. However, there are also solutions where you can get a card with a reasonable credit limit without having a full-time job or large savings.
Some online solutions have lower requirements for their customers than the banks, and there are good opportunities for getting a credit card as a young person.
However, you cannot expect to have a tremendously high credit limit if you do not have a substantial fixed income. However, this is also usually preferable as a young person, because it can be difficult to control his / her consumption when there is the possibility of spending money that one does not have. So there are nice opportunities to get a sensible credit card for young people online, even if you are a student.
Credit card as an alternative to loan
For many, a credit card can be a really good alternative to loans. Both consumer loans and credit cards are opportunities for spending money that you really do not have, but there are nevertheless significant differences between the two solutions. Below you can read about some of the benefits of applying for a credit card rather than a consumer loan.
See also: Consumption loans for young people
Reasons to choose the credit card
With a payment card, you have been approved in advance to be able to borrow up to a certain amount, for example DKK 10,000, through your credit limit. Once accepted, do not apply every time you want to spend the money. That is why it does something faster and it is a more flexible solution.
You are also not locked into having to use the money for one specific purpose, thereby giving a credit card you great freedom. Keep in mind, however, that it is freedom of responsibility, as of course you must be able to repay the money again and it can be expensive in interest and fees if you do not do so within the agreed period.
Discounts and point schemes
You also get a number of other benefits with a credit card. Discounts or point schemes are often included, so you can save money on various goods purchases and services such as travel, fuel, clothing or the like. In some cases, you also get travel insurance or other benefits that you would not get if you took out a loan instead.
Therefore, a credit card can help you gain greater financial freedom in your everyday life and at the same time give you the opportunity to save money.